Section 234C Interest Calculator

Use this tool to calculate Interest under Section 234C of the Income-tax Act,1961 to calculate interest in deferment of Advance tax

Calculate interest for deferment of advance tax payment under Section 234C.

Type of Taxation:

Total Tax Liability (₹):

TDS/TCS Deducted (₹):

Advance Tax Payments:

Amount Paid by June 15 (₹):

Amount Paid by September 15 (₹):

Amount Paid by December 15 (₹):

Amount Paid by March 15 (₹):

Interest Calculation Result

Total Tax Liability: ₹0

TDS/TCS Deducted: ₹0

Net Tax Payable: ₹0

Interest Calculation Details:

Due Date	Required %	Required Amount (₹)	Cumulative Paid (₹)	Shortfall (₹)	Interest Period	Interest (₹)
Total Interest under Section 234C						0

Notes:

Interest under Section 234C is charged at 1% per month for deferment of advance tax.
Regular taxpayers must pay: 15% by June 15, 45% by Sept 15, 75% by Dec 15, and 100% by March 15.
Taxpayers under presumptive taxation scheme (Section 44AD) need to pay 100% of advance tax by March 15 only.
No interest is charged if the net tax liability is less than ₹10,000.
Interest calculation is on shortfall for each installment period.

Disclaimer: This calculator is provided for informational purposes only and does not constitute professional tax or financial advice. The results are based on the information entered and the current understanding of Section 234C of the Income Tax Act. Users are advised to consult a qualified tax professional for specific guidance related to their tax obligations.